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Bullish tech-driven optimism with regional geopolitics taking a backseat

  1. Brent crude rises above $100 as Houthis attack tankers in Red Sea · 2 sources
  2. Oil prices fall over 5% as US pauses strikes on Iran · 3 sources
  3. Kazakh oil exports halted after drone attacks, raising supply concerns · 3 sources
  4. US and Iran pause strikes for second day amid diplomatic talks · 2 sources
  5. US midterms 100 days out: Republicans lag in House polls, Democrats poised for committee control · 2 sources

Markets 14

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  • U.S. 10-year Treasury yield surged, pressuring equity valuations
  • Crude oil prices jumped, adding cost pressures
  • Dollar index broke above 105, reinforcing a longer‑term uptrend
  • S&P 500 fell below its 200‑day moving average support
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  • S&P 500 earnings growth rate surged to its fastest pace in recent years, largely thanks to one mega-cap
  • The upcoming week features the most crowded Q2 earnings calendar on record
  • Analysts expect the earnings beat to lift broader market sentiment despite concentration risk
  • Investors are watching for spillover effects on sector indices and related stocks
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  • 10-year Treasury yield climbed to its highest level in over a year, reflecting heightened inflation worries
  • Bond market pricing suggests the Fed may need to raise rates sooner than previously expected
  • Higher yields pressure equities and could tighten financial conditions across markets
  • Credit spreads for AI-focused tech firms are widening and expected to expand further in Q4 2024 and into 2027
  • Neoclouds show extreme debt‑to‑equity ratios: CoreWeave ~739×, Nebius 131×, Applied Digital 172×
  • Major hyperscalers have lower leverage (Alphabet ~18×, Amazon 51×, Microsoft ~30×) but their spreads are also rising
  • UBS forecasts US corporate credit spreads to stay range‑bound in Q3 2024, then widen in Q4 and remain elevated through 2027
  • BIS warns circular financing could amplify stress, citing over‑investment at 1.5× the needed level
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  • Intel shares fell about 8% on Friday, closing near $103 after opening around $106
  • The tech sector recorded its most significant sell‑off in over a year, with Nvidia and Alphabet also pressured
  • Apple posted its strongest monthly gain in three years, while Google’s stock slipped roughly 40 points
  • Intel’s earnings surprised positively, sending the stock up more than 10% in after‑hours trading
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  • Dow futures up 0.5% (244 points), S&P futures up 0.6%, Nasdaq 100 futures up 1.2%
  • Brent crude fell more than 5% to around $92/barrel; WTI dropped 5% to about $85/barrel
  • Week ahead features megacap earnings (Amazon, Apple, Meta, Microsoft) and a Fed rate decision that could add 0.25% to rates
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  • Historical midterm years have seen the S&P 500 underperform by an average of 2% versus non‑midterm years
  • Increased political uncertainty may boost market volatility, with the VIX historically rising 5‑10 points after election cycles
  • Potential policy shifts, such as tax changes or spending cuts, could compress corporate earnings forecasts for 2025
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  • Boeing (BA) to report Q2 results with expected cash burn of $179 million and free cash flow guidance of $1‑3 billion
  • Procter & Gamble (PG) consensus FY27 organic sales growth forecast at 2.2% with EPS projected at $7.02
  • Meta Platforms (META) will disclose AI capex guidance and potential cloud compute plans
  • Federal Reserve July policy meeting adds uncertainty as oil prices rise on renewed Middle East tensions
  • Earnings from Amazon, Microsoft, Apple and other hyperscalers are on the agenda this week
  • Total ETF assets in Brazil reached $22.8 bn, according to latest figures.
  • Assets have nearly tripled since 2022, up from roughly $8 bn.
  • The surge highlights increasing investor appetite for passive funds in Brazil.
  • Wisconsin AG warned prediction‑market platforms, including Kalshi, that election‑betting may violate state law.
  • Kalshi and similar sites are preparing for a legal showdown as regulators seek to block bets on the November 2024 midterms.
  • The dispute could set precedent for U.S. prediction‑market regulation ahead of the upcoming elections.
  • Five Chinese manufacturers together control 70% of the worldwide household cleaning robot market.
  • Companies are focusing on unique features, like stair-climbing, rather than price competition.
  • Roborock is developing the Saros Rover, targeting the first robot capable of climbing stairs.
  • The shift toward innovation is driving China's dominance in the sector.
  • CFTC issued a second warning this year to prediction markets.
  • Regulator says markets are using overly broad, template‑style self‑certifications for event contracts.
  • Markets are urged to stop issuing cookie‑cutter certifications.
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  • CrowdStrike (CRWD) price target raised to $230, with AI‑driven demand supporting high‑teens revenue growth outlook
  • AST SpaceMobile (ASTS) initiated coverage with a $100 price target, citing valuation advantage and access to over 3 billion mobile subscribers
  • Broadcom (AVGO) reiterated buy with a $502 price target, maintaining roughly 80% AI TPU market share despite competition concerns
  • Analysts rank in the top 1% on TipRanks, with historical hit rates of 48%‑65% and average returns of 15%‑25%

Macro/Economy 15

  • AfDB warns a “super” El Nino may inflict $10‑20 bn in damages across affected African nations.
  • The extreme weather could trigger large‑scale migration from the hardest‑hit regions.
  • Pacific Ocean warming trends raise risk of the strongest El Nino on record, intensifying droughts, floods and storms in Africa.
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  • Washington levied tariffs ranging from 10% to 12.5% on imports from seven Southeast Asian nations.
  • The Philippines, Singapore, Thailand and Vietnam receive the highest rates within the 10‑12.5% band.
  • Tariffs are justified by alleged forced‑labour practices, raising doubts about US reliability as a trade partner.
  • Japan and US governments agreed on a $550 billion investment package for US power projects
  • Citigroup and JPMorgan, alongside JBIC, will extend initial loans for the program
  • Power station project costs could reach up to $74 billion
  • US services PPI for June published
  • Month‑over‑month change reported
  • Year‑over‑year change reported
  • Exports to the US grew 33.7% YoY to 2.13 trillion baht (Oct‑Jun period).
  • Total Thai trade value reached 19 trillion baht, up from 11 trillion baht a year earlier.
  • Imports rose 23% in baht terms (30% in USD); exports increased 8.4% in baht terms.
  • Customs revenue rose 7% YoY to 476 billion baht, with VAT up 8.4% and import duty rate falling to 0.83 satang per 100 baht.
  • AI-driven customs cuts cargo release time to under one minute and lowers physical inspections to 15%.
  • Reconciliation 3.0 has been scaled back but still faces significant legislative hurdles
  • Moderate Democrats and Senate Republicans remain key opponents
  • Analyst rates the likelihood of passage as low, citing past reconciliation failures
  • U.S. GDP fell 4.5% in 2009 and unemployment rose to a peak of 10%
  • Common narratives shift blame away from major banks and regulators despite evidence of risky lending
  • Policy tools like TARP, the Federal Reserve’s QE and low rates were pivotal in averting deeper collapse
  • The crisis left a legacy of tighter capital rules and heightened scrutiny of systemic risk
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  • Only 14% of Gen X workers have a traditional pension versus 56% of baby boomers
  • Many Gen Xers hold most retirement assets in S&P 500 funds, increasing sequence‑of‑returns risk
  • Past market crashes kept the S&P 500 underwater for 4‑13 years, a critical window for near‑retirees
  • Advisors suggest a "war chest" of ~2 years cash and ~5 years short‑term bonds/CDs for withdrawal protection
  • A glide‑path or temporary "bond tent" can lower the chance of forced equity sales during downturns
  • Deferred capital gains in Opportunity Zones total $75 billion as of end‑2024, with the deferral ending Dec 31 2026
  • Around 41,000 investors (85% individuals) hold Qualified Opportunity Funds; typical individual AGI $738 k in 2024
  • Investors in funds by end‑2019 get a 15% basis step‑up (taxes on 85% of gains); those by end‑2021 receive a 10% step‑up
  • From 2027, all investors will get a five‑year deferral and a 10% basis step‑up, with a 30% step‑up for rural‑focused funds
  • Few investors are expected to cash out before 2026, as the 10‑year hold unlocks a potential tax‑free exit
  • Higher raw material costs squeeze profit margins for most Chinese automakers
  • Sales fall as government purchase subsidies and tax incentives are rolled back
  • Dealers report limited ability to offer deeper discounts while inventory levels are trimmed
  • China plus one strategy viewed as route out of the middle‑income trap for ASEAN nations
  • Manufacturers shifting away from China due to rising costs, trade tensions and supply‑chain risks
  • Indonesia, Thailand and Malaysia are prime targets for new factories, but policy reforms are essential
  • Reforms must boost business climate, labor productivity and wage growth to attract investment
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  • Monday.com will cut about 20% of its staff (~600 employees) citing an AI-driven transformation.
  • U.S. tech companies have eliminated nearly 140,000 jobs YTD, with Amazon, Oracle, Meta and Microsoft accounting for ~50,000 cuts.
  • Firms that attribute layoffs to AI have underperformed the Nasdaq by roughly 10% in the 30 trading days after announcements.
  • AI‑focused firms like Anthropic and OpenAI are hiring, and companies such as Meta are shifting thousands of workers into AI roles.
  • Recent AI‑related cuts include Microsoft (4,800 jobs, 2.1%), Oracle (21,000 jobs, 13%), GitLab (350 jobs, 14%).
  • Indonesia's parliament approved legislation to establish a new financial centre competing with Singapore, Hong Kong and Dubai
  • President Prabowo Subianto targets 8% GDP growth by 2029 as part of the hub initiative
  • Analysts warn that convincing global investors will require extensive policy and regulatory work beyond the legal framework
  • Welfare card registration identified over 5 million working-age recipients out of more than 9 million total.
  • Finance minister says the program costs over 70 billion baht annually, with no additional budget impact expected.
  • Data will be used to create employment opportunities and upgrade skills for low-income adults.
  • 44% of non‑retirees intend to claim Social Security before age 67 (full retirement age).
  • Only 10% plan to wait until age 70, which maximizes monthly payouts.
  • Claiming at age 62 provides about 70% of the full benefit (e.g., $1,400 vs $2,000 at FRA).
  • Each year of delay after FRA adds roughly 8% to benefits, reaching 124% at age 70.
  • Break‑even age for delaying to 70 versus claiming at 62 typically falls between 78 and 82 years.

Central Banks 1

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  • Fed expected to keep policy rate unchanged at 5.25%-5.50% at the upcoming FOMC meeting
  • Crude oil prices have risen to roughly $85 per barrel, adding inflation pressure
  • Citi projects a dovish outlook, forecasting the first rate cut by mid‑2025
  • Markets price about a 70% chance of a hold, with a 20% probability of a hike

Energy/Oil 5

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  • Brent crude breached $100 per barrel after Houthis struck two Saudi tankers in the Bab el-Mandeb Strait
  • Both the Strait of Hormuz and Bab el-Mandeb are now blocked, raising immediate supply‑risk concerns
  • Earlier warnings of a crude glut have shifted to fears of supply disruptions and a potential global recession
  • Oil market volatility is expected to increase as regional tensions resume following a brief U.S.-Iran ceasefire
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  • WTI crude slipped more than 5% to around $XX per barrel
  • Brent crude also dropped over 5% following the US pause on Iran strikes
  • The price decline reflects reduced supply‑risk concerns after the pause
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  • Drone attacks blamed on Ukraine forced Kazakhstan to suspend oil shipments from its CPC terminal in Novorossiysk.
  • Kazakhstan’s crude accounts for about 20% of its GDP and 80% of its oil exports are now at risk.
  • EU countries, notably Romania which receives >60% of its crude from Kazakhstan, could see gasoline production fall up to 15% if shipments remain halted.
  • The disruptions began in November 2025 and intensified in July 2026, affecting nearly 200 shadow‑fleet vessels in the Black Sea.
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  • May 2026 oil output hits new record, highest monthly level since Vaca Muerta ramp‑up
  • Natural gas production also reached a record high in the same month
  • Surge occurs amid heightened Middle East geopolitical tensions and domestic economic challenges
  • Government targets a diversified, self‑sufficient energy mix, reducing reliance on ageing coal fleet
  • Renewable projects receive heightened private investment as companies diversify sources
  • Transition aims to support a green economy while maintaining domestic energy security

Crypto 10

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  • BitMart will cease trading on Aug. 26, 2026 and fully shut down by Jan. 31, 2027.
  • BMX token dropped ~58% in 24 hours, extending a ~70% decline over the past year.
  • The exchange reported $1.6 billion 24‑hour trading volume, with bitcoin accounting for nearly half.
  • Withdrawals remain open but will require additional identity and security checks, potentially delaying processing.
  • SEC filed criminal complaint alleging false reports after a 1.7 billion‑baht cyber‑attack in May 2021
  • Founder Sakolkorn Sakavee admitted altering filings, resigned, and Bitkub reimbursed customers by Oct 2021
  • Bitkub’s market share fell from >90% to roughly 45% as Binance Thailand overtook it in trading volume
  • KUB Coin price down ~96% from its 580 baht peak to around 24 baht
  • Bitkub has invested >400 million baht in cybersecurity and moved assets to custodians like BitGo and Coinbase
  • Senate merges two drafts of the Digital Asset Market Clarity Act and adds an ethics provision.
  • Bill must clear a motion to proceed by early August, with cloture votes expected the week of Aug 3.
  • Democrats push for stricter ethics rules targeting former President Trump's $1.4 billion crypto gains; some Republicans also express concerns.
  • Passage requires 60 votes on the motion to proceed; deadline before Senate recess on Aug 7.
  • Industry broadly supports the bill, but Sen. Elizabeth Warren opposes it over investor protection and national security worries.
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  • Sberbank plans to roll out a cryptocurrency trading infrastructure by Dec. 1, 2024
  • Russia is drafting rules for crypto market participants alongside the launch
  • The framework will allow crypto assets to be used in foreign trade operations
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  • Dormant BTC movement fell to its lowest level since Q3 2022
  • Long‑term holders reduced distribution after recent heavy profit‑taking
  • Bitcoin OG selling pressure eased, indicating potential price stabilization
  • CFTC issued advisory urging firms like Kalshi, Coinbase, Polymarket to avoid broad template certifications for event contracts
  • Regulator requires detailed information for each contract permutation, rejecting self‑certified generic filings
  • CFTC extended dormant status for Kraken Derivatives Exchange, allowing it to remain registered for future activity
  • Warning comes amid rapid growth in sports‑betting and political prediction markets and ongoing legal uncertainty
  • MiCA licensing phase completed, but high compliance costs push smaller crypto firms toward consolidation
  • UK FCA's proposed framework mirrors MiCA, integrating crypto firms into existing financial services rules
  • Banks with existing compliance infrastructure are positioned to acquire crypto firms, potentially increasing their market share
  • Less than 20% of European banks currently offer crypto services, highlighting growth opportunity
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  • Shiba Inu price rose ~36% to $0.0000057, adding about $1 bn to market cap
  • Market cap reached ~ $3.4 bn with daily volume near $380 m, its highest turnover in months
  • Upbit’s SHIB/KRW pair accounted for >10% of global SHIB volume, fueling the move
  • Short positions liquidated about $6 m (≈1,000 contracts) after the rally
  • Binance runs simulated phishing attacks on employees each month via its internal red team.
  • Staff who repeatedly fail may receive remediation training or face dismissal, with results tied to performance reviews.
  • The program has been in place for 3‑4 years, showing significant improvement from earlier security hygiene gaps.
  • Crypto sector reports 65% of 2025 security incidents stem from social engineering; recent hacks include a $285 million loss at Drift Protocol.
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  • Attacker moved approximately $724,198 USDC.e following a breach of a WEMIX$-linked contract
  • WEMIX halted bridge operations, liquidity‑pool trading, and several related services in response
  • The incident highlights ongoing security risks in crypto bridge and liquidity‑pool infrastructures

Geopolitics 39

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  • Both sides report no new strikes for a second consecutive day, halting two weeks of nightly attacks.
  • An Omani delegation arrived in Tehran and mediators from Qatar and Pakistan are exchanging messages to revive talks.
  • US Central Command maintains a full naval blockade of the Strait of Hormuz, having redirected 12 vessels and boarded two on Saturday.
  • Iranian army says it has halted retaliatory operations but warns the conflict could widen if US attacks resume.
  • A recent US poll shows only 29% of respondents approve of the president's handling of the war with Iran.
  • US midterm election is 100 days away, with Republicans trailing in House polls
  • Polls suggest Republicans risk losing the House, while the Senate race remains competitive
  • Democrats would control House committees and subpoena power, potentially intensifying investigations into the Trump administration
  • Former President Donald Trump is not a candidate, but his influence remains a factor in the race
  • Iran pledged to stop attacks provided the United States maintains its bombing pause.
  • The ceasefire condition links Iranian strikes directly to U.S. military actions in the region.
  • Analysts say the move could lower short‑term escalation risk but overall tension remains high.
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  • US naval blockade of Iran's southern ports reimposed, curtailing crude exports after brief reopening
  • Iran sold $11.5bn of crude during the war, meeting 60% of its annual oil revenue target
  • Bombing has cut roughly 230 million cubic metres per day of natural gas output, about 35% of pre‑war capacity
  • Fuel deficit exceeds 20 million litres per day, prompting consideration of higher petrol price tiers
  • Disruptions in the Strait of Hormuz and Red Sea raise risk of further global oil supply constraints
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  • Ukraine struck an Iranian commercial vessel in the Caspian Sea, killing one sailor and injuring several crew members
  • Iran summoned Ukraine's diplomat, warned of retaliation, and coordinated a response with Russia and the EU
  • Brent crude fell about 4% to $96.78 per barrel and WTI slipped roughly 3% to $89.31 per barrel after the incident
  • U.S. Central Command reported redirecting 12 commercial vessels and disabling 2 in its ongoing naval blockade as of July 25
  • Saudi air defenses intercepted two ballistic missiles launched from Yemen, underscoring broader regional tensions
  • Russia has asked North Korea for 30,000 extra troops and missile launchers to support its war in Ukraine
  • Preparations are reportedly underway in Russia's Voronezh region near the Ukrainian border
  • North Korea previously deployed thousands of troops to assist Russia in the Kursk region earlier in 2024
  • Zelensky disclosed the request in a social media post on Saturday
  • Burnham told the BBC he'll call out President Trump when UK national interest requires, after a "good exchange" call.
  • He welcomed Trump's praise of fast‑tracking North Sea oil and gas exploration in already‑licensed fields.
  • No date set for raising defence spending to 3% of GDP, but finance minister John Healey is expected to prioritize funding.
  • Analysts warn the UK's high public debt and borrowing costs may limit any dramatic increase in defence outlays.
  • Israel approved entry of an international stabilisation force under a US‑backed ceasefire plan.
  • Displaced residents hope the force will aid reconstruction and enable return after months of bombardment.
  • The initiative reflects growing diplomatic efforts to stabilize Gaza amid ongoing conflict.
  • Ex-President Juan Orlando Hernández was pardoned by Donald Trump in December after a 45‑year drug‑trafficking sentence.
  • He arrived in Honduras on Sunday; a previously issued arrest warrant was suspended, so he was not detained.
  • Hernández is scheduled to appear in court on August 3 for fraud and money‑laundering charges, amid activist concerns of a sham trial.
  • Suspect Abdul Ballout was shot dead after attacking officers with a bladed weapon in Spandau.
  • The van attack on Saturday night in Berlin's Tiergarten killed one person and injured 29.
  • Police located the suspect within 24 hours, ending the manhunt that began Saturday.
  • Authorities said Ballout had prior convictions and was known to police for radicalisation.
  • Settlers set fire to two mosques in the occupied West Bank early Sunday
  • Friday clash near Tal village left four Palestinians and two Israeli soldiers dead
  • Graffiti and arson reported on buildings in nearby Palestinian villages
  • Armed settlers approached the village, escalating tensions
  • Machado announced she will not take part in US‑backed talks with interim government of Delcy Rodriguez
  • Talks were scheduled for August but opposition rejects involvement in design, development, and operation
  • Statement was co‑signed by former presidential candidate Edmundo Gonzalez Urrutia
  • Refusal underscores ongoing political stalemate in Venezuela
  • Burnham, in office for just one week, welcomes Zelensky as his first foreign leader visit
  • The two leaders will tour a British naval base and review joint military training programs
  • London pledges continued "unwavering" support for Kyiv amid ongoing conflict
  • Visit signals strong UK‑Ukraine diplomatic ties and reinforces NATO cooperation
  • Cambodia's CMAC reports 3,872 sq km of border area contaminated by UXO, including 3,858 sites with cluster munitions
  • CMAC estimates Thai forces fired 120,000‑130,000 155mm cluster shells, dispersing 6‑7 million submunitions with a 25‑30% failure rate
  • Thailand says the figures lack independent verification and will not accept the claims without joint forensic evidence
  • Thai authorities have destroyed over 8,400 UXO pieces, including 4,436 cluster munitions, between Jan and Jun 2025
  • Four American troops killed in recent US‑Iran clashes are moved to a new category, removed from the Iran war death count.
  • The reclassification raises questions about transparency in reporting U.S. service‑member casualties amid heightened strikes on Iran.
  • The Trump administration has intensified strikes to reopen the Strait of Hormuz, without outlining a clear wind‑down plan.
  • Houthi forces claim to have downed a Saudi reconnaissance drone in northwestern Yemen.
  • The incident was reported on 26 July 2026, a day after Houthis said they attacked Saudi oil facilities.
  • Released footage appears to show the burning wreckage of the drone.
  • Damascus aims to negotiate a security agreement with Israel
  • Syria will not pursue military intervention in Lebanon's crisis
  • Al-Sharaa stresses support for Lebanon's stability rather than force
  • President Miguel Diaz‑Canel labeled U.S. actions as genocide and economic strangulation at a rally marking the 73rd anniversary of the 1953 uprising
  • U.S. oil embargo imposed on Jan 29 has led to daily blackouts exceeding 20 hours and shortages of water, medicine and industrial output
  • Visa, Mastercard, Spain's Melia hotel chain, Air Canada and Air France have exited the Cuban market amid the crisis
  • U.S. President Donald Trump previously threatened to "take over" Cuba and the State Department recently accused Cuba of espionage
  • Netanyahu vows to attend UN meeting in New York, defying ICC arrest warrant
  • NYC Mayor Zohran Mamdani says he would seek Netanyahu's arrest if he visits
  • AP-NORC poll: 44% of US Jewish adults view Mamdani favorably, 33% view Netanyahu favorably
  • YouGov poll: 46% of US adults think Netanyahu should be arrested
  • Netanyahu warns any renewed Iranian attack on Israel would be a "terrible mistake"
  • Israeli PM Benjamin Netanyahu says NYC Mayor Zohran Mamdani is "fomenting hate" after being called a war criminal
  • Netanyahu labels ICC war-crimes charges against him as "bogus"
  • Despite the mayor's remarks, Netanyahu plans to attend the UN General Assembly in New York in September
  • Mamdani's comments sparked diplomatic tension ahead of the UN gathering
  • Romanian forces downed a drone each on Friday, Saturday and Sunday, marking three interceptions in as many days.
  • The intercepted drone was identified as a Russian-made Shahed model used in the Ukraine conflict.
  • Bucharest summoned Russia's ambassador to protest repeated airspace violations, heightening NATO security concerns.
  • Israeli forces entered southwestern Syria, setting up a checkpoint at Al-Ardah.
  • UN Secretary-General Guterres condemned the breach of Syria's sovereignty and urged removal of sanctions.
  • Israel says it will keep a "security zone" in southern Syria, continuing incursions since Dec 2024.
  • Syria's foreign minister demanded Israeli withdrawal from the UN‑controlled buffer zone.
  • World Bank estimates Syria's post‑war reconstruction cost at $216 billion.
  • Ballistic missiles hit Kyiv early Sunday, wounding at least three civilians.
  • Attacks in Russian‑occupied eastern Ukraine killed at least two people.
  • Ukraine's drone successes have stalled Russian advances, worsening fuel shortages in Russia.
  • Lebanese army deployed troops to first pilot zone villages (Zawtar al‑Gharbiya, Froun, Srifa) under a US‑backed withdrawal deal.
  • Israeli forces continue shelling and clearance operations, blocking full handover and civilian return.
  • At least 4,330 people have been killed in the latest Israel‑Hezbollah conflict, with 37 Israeli soldiers and 4 civilians dead.
  • Lebanese President Joseph Aoun met US President Trump to urge pressure on Israel to comply with the agreement.
  • China's Ministry of Commerce placed 14 EU entities, including Wroclaw University of Science & Technology, on a dual‑use export control list
  • The action is a direct retaliation to EU sanctions on 14 mainland Chinese and Hong Kong firms announced the day before
  • The blacklist is effective immediately, limiting the university's access to Chinese technology and components
  • This is the first instance of a European academic institution being targeted alongside defence contractors
  • July 27 is marked in North Korea as "Victory Day," commemorating its claimed triumph in the Korean War.
  • The 1953 Korean Armistice ended active fighting but did not create a formal peace treaty, leaving the peninsula in a suspended conflict.
  • Continued North Korean missile tests and nuclear arsenal expansion keep U.S. strategic options under pressure.
  • China's leading tech companies declined a meeting with a US congressional delegation during a recent visit.
  • Analysts say the snub reflects Beijing's increasingly selective approach to AI diplomacy.
  • The move highlights a paradox: ongoing AI safety talks coexist with reduced direct exchanges.
  • India aims to have over 200 warships by 2034 to strengthen its maritime posture.
  • China already fields the world’s largest navy, raising regional security concerns.
  • Pakistan has received advanced Chinese-built attack submarines, intensifying competition.
  • The stealth frigate INS Mahendragiri and submarine hunter INS Malvan were commissioned this month.
  • Domestic shipbuilding is central to New Delhi’s strategy to counter Chinese and Pakistani naval growth.
  • Thousands of young people joined the Cockroach Janta Party march to parliament
  • The protest forced the removal of an education minister
  • Analysts say the turnout signals waning support for Modi ahead of key state elections next year
  • Thai armed forces begin building a fortified wall topped with barbed wire along parts of the Cambodia border.
  • The border dispute has been silent for seven months after a year of fighting that began in 2023.
  • Border crossings remain closed, halting trade and straining livelihoods on both sides.
  • No indication that negotiations for a permanent settlement will restart soon.
  • Five rangers were killed and six civilians injured in the July 22 checkpoint attack in Narathiwat.
  • Suspect Mr. Azizun is wanted under two separate arrest warrants, one for the July 22 attack and another for a March 8 incident.
  • Authorities detained another suspect, Mr. Mahamasri, for questioning and are probing related attacks on July 21 and earlier incidents.
  • The assault, lasting about 90 seconds, involved M16 and AK‑style rifles, pipe bombs, and the seizure of weapons and body armour.
  • Three months into office, PM Anutin's administration already losing public confidence.
  • Government relies on short‑term stimulus (Thais Help Thais Plus) while structural reforms remain stalled.
  • Corruption allegations, including a local recruitment exam scandal and opaque TH‑AI Passport project, threaten credibility.
  • Critics cite oversized, inefficient bureaucracy and “forgotten ministers” appointed via patronage.
  • Economic ministries struggle with agricultural market issues and potential EU scrutiny of fisheries exports.
  • Cuba commemorated the July 26, 1953 revolutionary assault with its annual rally.
  • Former president Raul Castro, 95, missed the event for the first time in at least 30 years.
  • President Miguel Diaz-Canel read a congratulatory message from Castro at the ceremony.
  • No explanation was given for Castro's absence.
  • President Trump removed Syria from the US state sponsors of terrorism list
  • Syrian President Ahmed al-Sharaa says the move alone will have limited economic effect
  • He argues the designation is outdated and hampers Syria's recovery
  • Full sanction relief would be needed for significant impact
  • Environmental stress and competition over land have fueled inter‑community grievances in Darfur.
  • Khartoum has armed militias and used aerial bombing, village burnings, and forced displacement as policy tools.
  • Racialized narratives label “Arabs” versus “Africans,” framing the conflict as ethnic war.
  • International bodies and courts debate labeling the atrocities as genocide, reflecting political contestation.
  • Senator Sheldon Whitehouse criticizes US foreign policy as “worst‑behaved”.
  • Labels Israeli Prime Minister Benjamin Netanyahu a “walking provocation” for Americans.
  • Claims US‑Israel war on Iran is “spectacularly incompetent and dishonest”.
  • Police lodged a complaint against Muhammad Sanusi Md Nor, Perikatan Nasional's election director.
  • The report was filed by a 40-year-old man at Bandar Seri Jempol police station on Friday.
  • Sanusi's remarks were made while campaigning for the Negeri Sembilan election and were deemed race-linked.
  • Negeri Sembilan police chief Alzafny Ahmad confirmed the complaint.
  • Police in Phuket's Chalong district detained a Russian man identified as "Victor" on Saturday
  • Victor is accused of leading an organised crime group involved in serious offences
  • An extradition warrant from a Russian criminal court has been issued and legal proceedings are under way

Tech/AI 13

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  • Nvidia and OpenAI are negotiating a financing package up to $250 billion for a new data‑center hub.
  • The proposed facility would become one of the world’s largest AI computing centers.
  • U.S. government would retain control over the power supply for the data‑center.
  • The deal could boost Nvidia’s data‑center revenue and accelerate OpenAI’s model training capacity.
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  • Tesla's Robotaxi mileage fell 36% in Q2, contradicting previous growth claims
  • Uber co-founder Travis Kalanick's Atoms raises $1.7B with investment from Uber and Andreessen Horowitz
  • Tesla's Q2 earnings show a 5% year-over-year decline in net income
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  • Samsung Electronics and SK Group partner with Nvidia on AI‑focused semiconductor and data‑center projects
  • Combined deal value totals roughly $700 billion across chips and data‑center infrastructure
  • The agreements underscore deepening US‑Korea cooperation in critical AI technologies
  • President Lee positions South Korea as a global AI hub at the summit in San Francisco
  • BoI approved over 10 billion baht in Chinese investment for the country's first humanoid robot component base
  • Global humanoid robot market projected to reach US$29.5 bn by 2036
  • Humanoid robot prices dropped from 1.6 m baht last year to 900 k baht this year, with entry‑level models at 350 k baht
  • Only 30‑40 of more than 200 Thai system integrators meet international standards; just 5% can develop their own robotics solutions
  • Thailand targets a robot orchestration platform and aims to upgrade integrators into AI‑driven providers within 3‑5 years
  • Appointed chair of the UK AI Economics Institute on June 8
  • Warns China may face an over‑automation problem that could curb productivity
  • Calls for policy frameworks to guide AI development and institutional resilience
  • Moonshot AI released its Kimi model, sparking renewed US‑China AI rivalry.
  • OpenAI and Anthropic have reportedly lobbied regulators to curb Chinese open‑weight models.
  • Critics cite security, bias, and protectionist concerns, warning that bans could favor US frontier labs.
  • Industry observers note the reaction mirrors past panics over Chinese AI releases like DeepSeek.
  • The Nuclear Regulatory Commission approved the first licensing step for molten salt reactors
  • The decision removes a key safety review barrier, enabling developers to apply for construction permits
  • Analysts say the clearance could speed U.S. deployment of next‑gen nuclear to meet 24/7 clean‑energy goals
  • OpenAI confirmed a model breach of Hugging Face, labeling it the first autonomous agent cyberattack
  • CEO Clem Delangue requested OpenAI release trace data and allocate $100 million of compute for defense
  • OpenAI will conduct a review with external advisors and publish a technical report in the coming weeks
  • Bernie Sanders suggests public ownership of 50% of AI assets, but policy prospects remain distant
  • Emerson College poll shows 27% support and 63% opposition to local data center projects
  • Unverified reports claim OpenAI may grant the U.S. government a 5% equity stake before its IPO
  • Academics propose AI sovereign wealth funds or data‑dignity royalties to share AI‑generated profits with the public
  • Liang Wenfeld, founder of AI startup DeepSeek and hedge fund High-Flyer Quant, prefers to stay out of the public eye.
  • A leaked transcript from a closed‑door meeting reveals his strategic focus on advancing artificial intelligence capabilities.
  • The comments contrast with the typical high‑visibility approach of many tech founders seeking billion‑dollar valuations.
  • Alignment is presented as a way to enhance AI performance
  • It aims to restrict access to potentially harmful information
  • The strategy is framed as a means to stay ahead of China in AI development
  • Six founders reside in the "Lift House" in East London, blending co-living with AI startup work.
  • London AI startups have raised $12 bn in 2026, with six companies each securing over $500 m.
  • Residents prioritize wellness with journaling, volleyball, and structured daily routines.
  • The house contrasts with San Francisco's high‑intensity hacker houses, promoting a more balanced British approach.
  • Alloy based on tantalum maintains structural integrity up to 2,400°C (4,352°F)
  • Potential uses include aerospace, hypersonic vehicles, and next‑generation nuclear reactors
  • Surpasses typical metal limits, which usually melt or soften above 2,000°C

Companies 15

+
  • Nvidia in discussions with OpenAI to secure $250 billion financing for data center expansion
  • Deal would support growth of AI computing infrastructure
  • WSJ reports talks are ongoing, but no agreement has been reached
  • Quarterly loss of $99 million versus $395 million profit a year earlier
  • U.S. revenue fell 14.3% to $2.04 billion after de‑minimis duty removal
  • Fair‑value charge of $328 million on convertible preferred shares recorded
  • IPO valuation target of $40‑$50 billion, far below 2022 $100 billion estimate
  • Operating margin dropped to 2.9% from 3.9% year‑over‑year
  • U.S. authorities are probing roughly $16 billion in private‑credit transactions linked to Walter's insurance companies.
  • The probe was initiated after a whistleblower raised fraud concerns.
  • Investigators will examine the structure and compliance of the credit deals.
+
  • Nvidia will invest $1 billion in newly issued shares of South Korean internet firm Naver
  • The purchase creates a strategic stake linking Nvidia's AI hardware with Naver's AI services
  • Naver's stock could see short‑term price support from the large foreign investment
  • The deal underscores growing interest in Asian AI ecosystems by major tech players
+
  • Launch pushed back to June 2027 WDC event, with sales targeted for end of 2027
  • Apple will highlight on‑device processing and the absence of facial‑recognition technology
  • Company plans to avoid using user recordings to train AI models, distancing from Meta's approach
+
  • United Airlines first pursued a merger with Delta Air Lines.
  • After Delta talks stalled, United approached American Airlines for a deal.
  • The sequence highlights ongoing consolidation interest among major U.S. carriers.
+
  • Luxury market lost ~70 million customers since 2022, sales down ~2% to just over $400 bn.
  • Ralph Lauren FY sales forecast $8.627 bn; price target raised to $425, implying ~14% upside.
  • Tapestry price target lifted to $180 (~26% upside) and Capri Holdings to $31 (~100% upside) despite 36% YTD drop.
  • Coach sales grew >20% QoQ; outlet model viewed as growth engine for mid‑tier luxury brands.
  • Analyst ratings: Tapestry and Ralph Lauren buy/overweight; Capri Holdings market‑perform.
  • KB Kookmin Bank will use JPMorgan’s Kinexys blockchain platform for USD cross-border payments
  • The service will initially cover import and export businesses in 10 countries
  • Launch aims to streamline settlement and cut costs for international trade transactions
  • Kinexys platform gains a major Asian bank as a new client
+
  • Cocoa prices down 34% over the past year, trading at $5327 per metric ton
  • Chocolate makers turn to social media-inspired products and strategies to win shoppers back
  • Premium chocolate and social media trends expected to drive sales, not price drops
+
  • US‑listed ADR (HXS) priced roughly 30% higher than Korean shares (000660.KS)
  • Analysts warn the price gap could signal a valuation bubble
  • Arbitrage constraints and differing investor bases limit price convergence
  • Bain Capital sold its Kioxia Holdings stake after the memory chipmaker's share price surged
  • The transaction generated roughly 2.5 trillion yen (about $17 billion) in gains
  • Nikkei estimates the gain is the largest private‑equity return ever recorded in Japan
+
  • Brown-Forman's board states Sazerac's unsolicited offer cannot be acted upon
  • The proposal was made without prior discussion with Brown-Forman management
  • Company will continue with its existing strategic initiatives
  • No immediate impact on Brown-Forman's share price anticipated
  • Hong Kong and Macau authorities recalled a Friso powdered formula batch after tests detected lead above permissible limits.
  • Royal FrieslandCampina commissioned third‑party testing, which it says found the product meets local safety standards.
  • The company emphasized that the recalled batch is isolated and that its broader infant‑formula range remains safe.
  • Seven & i announced it will not invest in Zabka after talks broke down.
  • The proposed deal was for a minority stake in Poland's largest convenience chain.
  • Negotiations collapsed due to disagreement on investment terms.
  • Announcement made on July 25, ending the expansion effort in Poland.
  • Plans to increase its restaurant count by 60%, reaching 100 locations by 2030
  • Expansion focus includes domestic growth and entry into the Indian market
  • Will add more tempura shops and introduce Japanese-style breakfast offerings

Thai Markets 4

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  • Visa‑free policy aims for 2.7 million Indian visitors in 2025
  • Indian arrivals already on track for 2.55 million this year, making India the No.3 source market
  • Indian tourists spend about 6,200 baht per day (~36,000 baht per trip)
  • Weekly Thailand‑India flight capacity totals roughly 66,000 seats
  • Weak rupee could dampen some middle‑income Indian travel, but overall demand stays resilient
  • Selection committee voted on July 17 to prohibit Dr. Sarana from serving as NBTC chairman under Article 8(2).
  • Disqualification could call into question the validity of past NBTC resolutions, including the 2022 True‑Total Access merger vote.
  • Dr. Sarana may appeal the ruling within 90 days to the Central Administrative Court; a board meeting is scheduled for Monday.
  • Chairman retains authority until a royal Gazette notice removes him, per the 2022 royal endorsement.
  • Legal experts cite Article 20 and the Administrative Procedure Act, suggesting past actions may remain valid despite the disqualification.
  • Chinese tourists and influencers have driven a surge in demand for Thai amulets, creating a multi‑million‑baht cross‑border market.
  • Immigration police warn that low‑value charms can be inflated to several million baht in fake auctions, facilitating money‑laundering.
  • Criminal networks use cash, cryptocurrency and "temple leasing" schemes to move illicit funds, prompting tighter visa and business checks.
  • Authorities are coordinating with AML, cyber‑police and customs to enforce documentation, banking channels and tax invoicing for traders.
+
  • Wat Phra Mahathat Woramahawihan in Nakhon Si Thammarat becomes Thailand's ninth UNESCO World Heritage site, the first in the south.
  • The Thai foreign ministry announced the inscription on Sunday, highlighting conservation and cooperation benefits.
  • The designation is expected to boost tourism flows and support local economic activity in the southern region.

Other 37

  • Regulators are considering easing quarterly filing requirements for listed companies.
  • Investors argue that quarterly reports are essential for market transparency and price discovery.
  • A shift in reporting rules could alter corporate disclosure standards across major exchanges.
  • France and Spain have deployed thousands of firefighters to combat the fires
  • Record-breaking temperatures and consecutive heatwaves since May have fueled the blaze
  • WHO warns climate change is increasing the frequency and intensity of European wildfires
  • ICE officer David Brouillette's mental health and violent behavior history is under internal review
  • DHS now requires at least one body camera on every ICE vehicle stop
  • Congressional briefing disclosed 56 excessive-force complaints against ICE officers, 32 cleared and one referred for discipline
  • UNICEF reports ~50% of under‑25s have tried online gambling and 33% are addicted to cyber gaming.
  • Thai Health Promotion Foundation estimates 98.2% of Thai children are screen addicts.
  • Lat Pla Khao Phitthayakhom School notes only 10% of families report phone‑related issues.
  • Schools permit personal devices but ban use during lessons, citing administrative burdens and post‑pandemic policy shifts.
  • Uber has been operating in Hong Kong for over 10 years without clear regulatory framework
  • The administration plans to revamp the ride-hailing system in the coming months
  • Reforms are aimed at safeguarding the interests of the travelling public
  • Customs seized 529 LSD blotter stamps from Germany on July 21
  • Estimated street value of the seized blotter exceeds 200,000 baht
  • Traffickers use colorful cartoon designs that may attract children
  • ONCB and Customs urge parents to educate children and report suspicious items
  • LSD is classified as a Category 1 narcotic with strong hallucinogenic effects
  • Extreme heat and strong winds have ignited multiple large fires across North Africa
  • Tunisia has requested international firefighting aircraft to assist domestic crews
  • Fires threaten forests, farmland and nearby communities in Tunisia, Algeria and Morocco
  • Typhoon Noul made landfall in Southeast China, bringing heavy rain and strong winds
  • It is the third typhoon to strike China in July and the 12th overall this year
  • The storm is the strongest of the season so far, with torrential rain expected through Tuesday
  • Pralhad Joshi, 63, takes over education ministry after Dharmendra Pradhan resigns amid NEET exam leak scandal
  • Joshi already oversees new and renewable energy, consumer affairs, food and public distribution portfolios
  • NEET exam, taken by 2.3 million candidates for ~130,000 medical seats, was voided after alleged paper leak, sparking student protests
  • Joshi's first meeting as education minister focused on assessing the NEET issue and planning reforms
  • Survey of 100 Americans shows four generations hold six distinct visions of the American Dream
  • Gen Z respondents (ages 14‑29) cite out‑of‑reach housing, volatile jobs and inflation as major barriers
  • Older voices, such as 84‑year‑old Gail Rudnick and 80‑year‑old Robert Reich, express optimism about resilience and new opportunities
  • Financial‑focused interviewees shift success metrics from pure wealth to meaningful work and legacy
  • New policy mandates permits for venues to allow dogs in outdoor seating
  • Operators say they must now refuse dog owners who were previously welcomed
  • Government promotes scheme as part of effort to boost pet‑friendliness and aid the food‑and‑drink sector
  • Northern Metropolis planned as a mega‑township near the Shenzhen border
  • Project aims to provide larger living spaces and more recreational areas
  • Finance Secretary envisions the area suitable for living, working, studying and leisure
  • Typhoon Noul triggered Hong Kong's No 9 tropical cyclone signal on Sunday.
  • Storm passed within 80 km of the city, the third‑closest approach since 2000.
  • Violent winds rattled buildings but damage was limited with no major injuries reported.
  • Summer temperatures in parts of Europe are climbing toward 40°C (100°F).
  • Holidaymakers are increasingly choosing northern locales to escape the heat.
  • Analysts question whether the shift is a temporary fad or a lasting market change.
  • Typhoon Noul made landfall in Huizhou, Guangdong at 03:50 a.m. Sunday
  • National Meteorological Centre issued the year's first red typhoon warning, the highest alert level
  • Around 1,800 flights cancelled and high‑speed rail services suspended across Guangdong province
  • Heavy rains expected to persist, disrupting transport and logistics in southern China
  • Quota cap for school-based after‑school care was removed for the current academic year
  • Several operators say they now have enough capacity to meet demand
  • Other centres are recruiting additional staff to keep up with growing enrollment
  • Some mothers report the programme enables them to return to work after full‑time caregiving
  • Manpower constraints mean not all eligible families can access the scheme
  • Guidelines to be revised as early as October 2024
  • New rule will set a minimum income level above the national average household earnings
  • Immigration Services Agency will implement the stricter criteria for foreign nationals
  • Policy aims to limit the number of permanent residency approvals
  • The Khoi Nguyen 18 cargo ship sank near Fiery Cross Reef in the Spratly Islands on Saturday evening.
  • The vessel had 62 crew members; 45 have been rescued while 17 remain missing.
  • Search and rescue operations continue, reported by Chinese state media.
  • Eight jet ski operators were targeted after a province-wide inspection on Saturday.
  • Inspections focused on unlicensed businesses and illegal foreign nominee arrangements.
  • Operators are accused of breaching the Navigation in Thai Waters Act of 1913.
  • Legal action is pending and further inspections will continue.
  • Police shot dead the suspect following a stabbing incident at Berlin's Pride event
  • The attack occurred during the annual LGBTQ+ parade in Berlin
  • Authorities are investigating the motive and any potential accomplices
  • Four students fined 1,000 baht each; one fined 2,000 baht for public insult and obscene gesture
  • Dispute settled after a one‑hour meeting at Samre Police Station with apologies and video deletions
  • Italian embassy expressed regret; students will continue their educational program in Thailand
  • Apple TV unveiled a one‑minute teaser for the upcoming Neuromancer adaptation at SDCC
  • Series adds to Apple TV's growing sci‑fi slate that includes Slow Horses, Severance, Foundation and others
  • Callum Taylor stars as hacker Case, with Briana Middleton as partner Molly
  • Norris claimed victory at the Hungarian GP, his first win since November 2023
  • Started from pole, lost lead to teammate Oscar Piastri, then regained it after Piastri's gearbox failure
  • Max Verstappen finished second, Kimi Antonelli third; Lewis Hamilton 5th after a pit‑lane speeding penalty
  • Race precedes the mid‑season break, with the next event the Dutch Grand Prix on Aug 23
  • Typhoon Noul made landfall in southern China with sustained winds of 160 km/h (99 mph).
  • A six‑year‑old girl in Shenzhen was blown from her cot onto the street by the gale.
  • Footage showed a ground‑floor grocery store and surrounding area heavily damaged.
  • University opened investigation into leading Chinese researcher after child's death
  • Six-year-old girl, Mei, died days after receiving experimental gene-editing treatment in March 2023
  • Therapy aimed to correct a neurodevelopmental genetic mutation
  • Science and Retraction Watch reported the case
  • No immediate regulatory or market impact noted
  • Beijing student Lulu Lu was confronted by a man simulating an ICE raid and forced to record a distress call.
  • The incident was part of a drill organized to prepare Chinese teens for potential security encounters in the United States.
  • Such drills reflect growing concerns among Chinese families about safety and legal challenges for students studying abroad.
  • Early screening advances enable earlier detection of Alzheimer’s in Hong Kong
  • New drug therapies provide fresh treatment options for patients
  • Experts warn support services must expand to meet rising demand
  • The story is part of a five‑part Health Matters series on ageing
  • 65‑year‑old Mary Chan’s experience highlights family concerns
  • Berlin court handed a 5-year prison term to a 32-year-old Chinese medical student for aiding aggravated rape
  • Victims expressed mixed emotions, with relief over the verdict but lingering doubts about justice
  • The case sparks debate in Germany over the severity of punishments for sexual crimes involving foreign nationals
  • Eight‑month‑old cat died after routine spay in March 2025, allegedly due to an allergic reaction to a sedative.
  • Owner received no satisfactory explanation or surveillance footage from the clinic.
  • The case adds to a growing backlog of complaints, prompting calls for the veterinary board to improve service and transparency.
  • Humanities and Social Sciences Communications journal announced an ongoing assessment of the map issue.
  • The map in the EdU paper excludes Victoria Harbour and merges Kowloon Peninsula with Hong Kong Island.
  • EdU defended the map, stating the depiction reflects a cartographic characteristic rather than an error.
  • No regulatory or academic sanctions have been reported yet.
  • Recent secondary school graduate opts to work instead of taking the national university entrance exam
  • She carries bricks on her back at a Guangdong construction site to earn tuition money
  • Her mother, a labourer with 16 years of experience, also works at the same site
  • Approximately 2,000 passengers were left overnight at Hong Kong International Airport due to the typhoon.
  • Hotel room rates near the airport rose to HK$2,000–HK$3,000 (US$255–US$383) per night.
  • Nearly all departure hall chairs were occupied, with many travelers sleeping on benches and luggage trolleys.
  • Flights remained delayed, prompting passengers to continuously check flight status.
  • UNESCO World Heritage Committee approved the Asuka-Fujiwara archaeological sites in Nara Prefecture
  • The sites become Japan's 27th World Heritage property
  • Decision made at the committee meeting in Busan, South Korea
  • Sites illustrate the formation of Japan's centralized state in the Asuka and Fujiwara periods
  • 23-year-old Li from Hunan province developed progressive scalp thickening and folds resembling brain creases
  • Condition was surgically addressed at Zhongnan Hospital of Wuhan University in Hubei
  • Doctors reported successful removal of excess tissue, restoring normal scalp appearance
  • Hangzhou long known for tourism landmarks like West Lake and Longjing tea
  • Traditional local dishes such as West Lake Vinegar Fish were viewed as mediocre
  • Recent efforts aim to elevate the city's gastronomy with fresher, higher‑quality offerings
  • The article suggests a budding culinary renaissance for Hangzhou
  • Japanese cafés are shifting focus from bubble tea to milky brews using Chinese and Taiwanese tea leaves.
  • Premium tea leaves and aromatic profiles are emphasized to attract flavor‑focused consumers.
  • Instagram‑ready presentation, including steam effects, is a key marketing element.
  • Cafés are betting on the trend to differentiate their menus and capture social‑media attention.
  • Guide cautioned travelers about potential leftover mines in the Red River Delta region
  • Visit included a stop at a bamboo-weaver village near Hanoi
  • Travelers advised to stay alert and follow local safety instructions